VEEV
Veeva Systems Inc.Technology · $45.1B market cap
Verdict
Share price
$273.33
close of Oct 3, 2026
Fair value
$209.97
Sticker Price
Payback Price
$83.99
buy price
VEEV is Overpriced: at $273.33 it trades 30% above its fair value of $209.97. Its buy price (Payback Price) is $83.99, 69% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.
How we valued it
Free Cash Flow. Sales grew 14% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.
Business quality
4 of 5 clear the 10% bar. What are the Big Five?
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6 of the investors we track hold VEEV. In Q2 2026, 4 opened a position and 1 trimmed. Who we track
Terry Smith
Fundsmith · as of Q2 2026
$145.0M
816,785 shares
Jensen Investment Management
Jensen Investment Management · as of Q2 2026
$79.8M
449,489 shares
Francois Rochon
Giverny Capital · as of Q2 2026
$16.9M
94,956 shares
Torray Funds
Torray Funds · as of Q2 2026
$4.4M
24,625 shares
Vulcan Value Partners
Vulcan Value Partners · as of Q2 2026
$3.8M
21,240 shares
Show all 6 holdersShow fewer
Hillman Capital Management
Hillman Capital Management · as of Q2 2026
$2.5M
14,008 shares
Moves in Q2 2026
New position: Terry Smith, Vulcan Value Partners, Hillman Capital Management, Francois Rochon
Trimmed: Jensen Investment Management
Insider activity
Since Jun 17, 2026: no open-market purchases, 6 sales worth $13.0M and 29 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Hung Priscilla
director · 2026-09-09
Sold
$196K
Schwenger Thomas D.
Pres. & Chief Customer Officer · 2026-08-27
Sold
$2.8M
Schwenger Thomas D.
Pres. & Chief Customer Officer · 2026-08-13
Sold
$242K
Schwenger Thomas D.
Pres. & Chief Customer Officer · 2026-08-13
Sold
$457K
Schwenger Thomas D.
Pres. & Chief Customer Officer · 2026-08-13
Sold
$8.3M
Show all 6 salesShow fewer
Schwenger Thomas D.
Pres. & Chief Customer Officer · 2026-07-16
Sold
$1.0M
Other filings
Cabral Timothy S
director · 2026-09-01
Option exercise
477 shares
Carges Mark T
director · 2026-09-01
Option exercise
493 shares
Hedley Mary Lynne
director · 2026-09-01
Option exercise
477 shares
Hung Priscilla
director · 2026-09-01
Option exercise
477 shares
MOHR MARSHALL
director · 2026-09-01
Option exercise
525 shares
Show all 29 other filingsShow fewer
Ritter Gordon
director · 2026-09-01
Option exercise
541 shares
Ritter Gordon
director · 2026-09-01
J-Other
15,585 shares
Ritter Gordon
director · 2026-09-01
J-Other
250,000 shares
SEKHRI PAUL J
director · 2026-09-01
Option exercise
460 shares
Wallach Matthew J
director · 2026-09-01
Option exercise
460 shares
Schwenger Thomas D.
Pres. & Chief Customer Officer · 2026-08-27
Option exercise
$1.5M
Schwenger Thomas D.
Pres. & Chief Customer Officer · 2026-08-13
Option exercise
$5.4M
Faddis Jonathan
SVP, Gen. Counsel, Secretary · 2026-07-01
Tax withholding
$153K
Faddis Jonathan
SVP, Gen. Counsel, Secretary · 2026-07-01
Option exercise
1,635 shares
Kondath Vipin
Chief Accounting Officer · 2026-07-01
Tax withholding
$11K
Kondath Vipin
Chief Accounting Officer · 2026-07-01
Option exercise
167 shares
Schwenger Thomas D.
Pres. & Chief Customer Officer · 2026-07-01
Tax withholding
$206K
Schwenger Thomas D.
Pres. & Chief Customer Officer · 2026-07-01
Option exercise
2,907 shares
Van Wagener Brian
Chief Financial Officer · 2026-07-01
Tax withholding
$128K
Van Wagener Brian
Chief Financial Officer · 2026-07-01
Option exercise
1,635 shares
Zuppas Eleni Nitsa
President & Chief of Staff · 2026-07-01
Option exercise
2,180 shares
Cabral Timothy S
director · 2026-06-17
Award
1,906 shares
Carges Mark T
director · 2026-06-17
Award
1,970 shares
Hung Priscilla
director · 2026-06-17
Award
1,906 shares
Hedley Mary Lynne
director · 2026-06-17
Award
1,906 shares
MOHR MARSHALL
director · 2026-06-17
Award
2,099 shares
Wallach Matthew J
director · 2026-06-17
Award
1,841 shares
SEKHRI PAUL J
director · 2026-06-17
Award
1,841 shares
Ritter Gordon
director · 2026-06-17
Award
2,164 shares
About Veeva Systems Inc.
Veeva Systems Inc. is a leading provider of cloud-based software solutions, exclusively dedicated to the global life sciences industry. Its extensive operational presence spans across North America, Europe, the Asia Pacific region, the Middle East, Africa, and Latin America. The company's product portfolio is primarily structured around two major offerings. First, the Veeva Commercial Cloud delivers an integrated…
Software - Application
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works